Customer Fraud

MF Global Bankruptcy: $1.6 Billion in Customer Funds Missing Under Jon Corzine

2011-10-31 00:00:00 +0000 UTC | Importance: 9/10

MF Global Holdings filed for Chapter 11 bankruptcy protection, becoming the eighth largest bankruptcy in U.S. history at that time. The firm, led by former U.S. Senator and New Jersey Governor Jon Corzine, reported that up to $1.6 billion in customer segregated funds were missing. The collapse came …

Jon Corzine Financial Corruption Wall Street Regulatory Capture Democratic Party Customer Fraud +1 more